Better Open for TSX as U.S. Takes Breather
The S&P/TSX gained 87.03 points to begin the session and the week at 20,835.61.
The Canadian dollar gained 0.30 cents to 78.88 cents U.S.
Scotiabank raised the target price on Altagas to $34.00 from $33.00. Shares in Altagas gained six cents to $30.53.
RBC cut the target price on Canadian Western Bank to $38.00 from $44.00. Canadian Western shares hiked 40 cents, or 1.3%, to $30.42.
CIBC raised the target price on National Bank of Canada to $102.00 from $100.00. National shares obtained 22 cents to $97.32.
In Japan, the Nikkei 225 zoomed 2.2% Monday. In Hong Kong, the Hang Seng popped 2.1%.
Oil prices reasserted themselves 72 cents to $115.79 U.S. a barrel.
Gold prices acquired $6.20 to $1,857.50 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange picked up from where it left off last week, gaining 4.88 points, to 729.07.
All but three of the 12 TSX subgroups gained ground to begin the day and the week, as energy pumped higher 0.9%, while industrials gained 0.8%, and consumer discretionary stocks added 0.5%.
The three laggards proved to be communications, sliding 0.1%, while utilities shied way 0.03%, and gold lost 0.0.2%.
ON WALLSTREET
U.S. markets are shuttered Monday for Memorial Day.
Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.
